I personally recommend that all traders have mastered
an effective trading method like price action trading, developed a solid trading plan from that trading method, have a trading journal, and trade their plan on a demo account whilst recording their trades in their trading journal for at least 2 or 3 months before even thinking about trading a live account.
The ability to be picky about the trades you take is the result of having learned how to trade properly and having mastered
an effective trading method.
If this is the case, you need to get more education, practice your strategy on demo, and make sure you are actually using
an effective trading method that's not overly - complicated, like price action.
The way that you make confident and quick trading decisions is by mastering
an effective trading method, you should know it inside and out before you start trading live.
Using
an effective trading method that is also easy to understand and implement will give you the mental clarity and time to focus 80 % on money management and discipline whilst only needing about 20 % of your mental energy for analyzing the markets and finding trades.
So, it gives me great satisfaction to know that I have helped so many traders through the quality content that I offer and the repetition of the concepts I teach, because this gives traders a far better chance at making money consistently than if they have no formal Forex trading education or
no effective trading method.
So the first thing you can do to set yourself apart from the crowd of losing traders is to secure an education in a simple yet
effective trading method like price action, to learn more, checkout my price action trading course.
Similarly, if you have not really mastered
an effective trading method and every trade is basically a «hunch», you're probably also going to lose.
Price action provides you with a simple, straight forward, and most of all,
effective trading method that allows you to focus your energy and time on actually trading instead of trying to figure out what numerous indicators or a piece of trading software is trying to tell you.
• Consistency in sticking to
an effective trading method like price action, helps you master your trading strategy and gives you a real chance to see if your trading strategy is truly worth using or not.
Consistently trading
an effective trading method with discipline, like the price action method I teach in my forex trading course, will eventually turn into proper trading habits which will then turn into making money consistently in the markets.
If you remain disciplined and stick to your trading plan over a large enough trade sample size, you should come out on top in the end, of course that is assuming you are using
an effective trading method like my price action strategies.
Not exact matches
You might think that
trading has to be more complex than this, but I assure you this «no nonsense»
method of stock picking is powerful and
effective.
It is best to keep your
trading method simple for
effective trading.
Mature markets also have documented
trading methods, an established listing system, and an official and
effective market oversight agency.
This is yet another reason why the set and forget
trading method is so
effective; it teaches you to lose responsibly.
Nial, all I can say is thank you.You're a great mentor, your
trading style is simple, but highly
effective, if one chooses to follow and apply your rules.My
trading got off to a very slow start, I've been following you for about a year now and slowly but steadily I'm beginning to see an improvement in my
trading with more winning
trades than losing ones.This is simply because I'm following your «naked chart»
trading price action only
method.
As a bottom line, swing
trading is an
effective method of
trading when intermediate - term good profits are expected, with risks being limited to a few days to weeks.
By learning the kind of price action
trading strategies that I teach my students in my Forex price action
trading courses, you'll gain knowledge of an
effective yet simple
trading method that lends itself well to «gun to the head»
trading.
He introduces simple, yet
effective methods you can use to improve your
trading edge.
A
trading method like price action, has no negative effect on your
trading psychology and will not become less
effective over time.
But you have to ask yourself; have you actually learned a real, solidified
method that is gelled together into an
effective price action
trading approach?
The
trading method that I have used for years is price action (duh); it's simple,
effective, and flexible, and it doesn't take rocket science to understand or implement.
Our Connecticut dog trainer is a graduate of Canine
Trade Group's professional dog training school, and the training
method learned there has been
effective across the country and for over 28 years.
As the owner of Canine
Trade Group, John Van Olden's training protocols are the most
effective dog training
methods ever developed.
The report also found that emissions
trading schemes or a bunker fuel levy would be
effective methods in reducing shipping emissions.
Because the
trade is largely unregulated and unmonitored, and finning often takes place beyond national and state jurisdiction, the most
effective method to bring an end to this brutal practice is through legislation such as this.»
It has been reported that the agency is in conversation with the biggest international technology companies for finding out an
effective method of tracking cryptocurrency
trading for taxation purposes in the country.
Smith described the deal as a «giant step forward in making bitcoin, still a nascent currency, a more compelling and efficient financial solution for new users,» reassuring users that the platform will provide a safe and cost
effective method for bitcoin
trading while maintaining its high security measures.